REGISTERED NUMBER: 13016307 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Netsapiens International Limited

Page

Company Information

1

Report of the Accountant

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mr A Buch

Mr S L Goodwin

REGISTERED OFFICE:

Suite G04 1 Quality Court, Chancery Lane

London

WC2A 1HR

REGISTERED NUMBER:

13016307 (England and Wales)

ACCOUNTANT:

Albacore Accounting Limited

The Maylands Building

Maylands Avenue

Hemel Hempstead

Hertfordshire

HP2 7TG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Albacore Accounting Limited

The Maylands Building

Maylands Avenue

Hemel Hempstead

Hertfordshire

HP2 7TG

Date: .............................................

FIXED ASSETS

Tangible assets

4

-

1,094

CURRENT ASSETS

Debtors

5

422,917

98,193

Cash at bank and in hand

814,312

566,893

1,237,229

665,086

CREDITORS

Amounts falling due within one year

6

1,137,511

1,009,756

NET CURRENT ASSETS/(LIABILITIES)

99,718

(344,670

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,718

(343,576

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

99,717

(343,577

)

99,718

(343,576

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Mr S L Goodwin - Director

1.	STATUTORY INFORMATION

Netsapiens International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

1,458

Reclassification/transfer

(1,458

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

364

Reclassification/transfer

(364

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,094

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

136,469

55,745

Unbilled Revenue

247,400

-

Other debtors

-

10

Prepayments

39,048

42,438

422,917

98,193

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

60,467

31,893

Tax

35,128

-

VAT

72,518

64,869

Other creditors

684,356

665,582

Accrued expenses

285,042

247,412

1,137,511

1,009,756

7.

RESERVES

Retained

earnings

£

At 1 January 2024

(343,577

)

Profit for the year

443,294

At 31 December 2024

99,717